- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 8. Topics in Long-Term Liabilities and Equity
- Subject 5. Financial Reporting for Post-Employment and Share-Based Compensation Plans
CFA Practice Question
Which of the following pieces of information should be disclosed in the notes to the financial statements?
II. A reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed during the period
III. The funded status of the plan and the amounts recognized in the financial statements
I. The major components of pension expense
II. A reconciliation showing how the projected benefit obligation and the fair value of the plan assets changed during the period
III. The funded status of the plan and the amounts recognized in the financial statements
Correct Answer: I, II and III
User Contributed Comments 3
| User | Comment |
|---|---|
| joywind | For III, Isn't the funded status supposed to be found in financial statement instead of the notes? |
| bidisha | the status is shown in the balance sheet but the details of it are to be discussed in the footnotes...refer to the last question |
| UcheSam | The footnote shows the plan assets and plan obligation that make up the fund status. |